Economic Update April 25, 2022 Economic data for the week included declines in several national housing numbers, such as existing home sales and homebuilder sentiment; however, housing starts rose a bit. The index of leading economic indicators showed growth, but at a tempered pace from preceding months. Global equity markets fell back last week, in […]

Economic Update April 18, 2022 Economic data for the week included gains in retail sales, as well as improvement in consumer sentiment, and continued healthy jobless claims. However, producer and consumer price inflation continued to come in at multi-decade high levels. In a holiday-shortened week, global equity markets were mixed to lower, as high inflation […]

Economic Update April 11, 2022 In a light week for economic data, ISM services sentiment continued to show strength, while the minutes from the most recent March Fed meeting laid out a plan for faster rate hikes and a plan to allow for a balance sheet run-off of treasury and mortgage bonds. Equity markets in […]

Economic Update April 4, 2022 Economic data for the week included minimal revisions to prior-quarter U.S. GDP growth, and a slight decline in the pace of still-positive ISM manufacturing sentiment. Housing prices continued to rise at a solid clip, while labor markets continue to demonstrate a recovery, notably in nonfarm payrolls for March. U.S. equity […]

Economic Update March 28, 2022 Economic data for the week included a decline in durable goods orders and new home sales, and consumer sentiment fell to multi-year lows. However, jobless claims again reached multi-decade levels of strength. U.S. equity markets gained ground last week, despite a more hawkish Fed; foreign markets were mixed, based on […]

Economic Update March 14, 2022 Economic data for the week included the consumer price index rising to another multi-decade high, job openings continued to show strength, while jobless claims were little changed. Global equity markets lost ground again in keeping with the geopolitical and economic aftermath of the Ukraine conflict, although hopes for diplomacy resulted […]

Economic Update March 7, 2022 Economic data for the week included a robust employment situation report, as well as other labor metrics, and improved manufacturing and construction activity. Global financial market sentiment continued to be driven by the Russia-Ukraine conflict, with U.S. and especially foreign stocks losing ground and staying in correction territory. Bonds were […]

Economic Update February 28, 2022 Economic data for the week included a slight revision to prior-quarter GDP, a continued gain in house prices, and continued lower jobless claims. However, the Russian invasion of Ukraine dominated most other news. Global equity markets initially fell sharply last week, in the ramp-up to the Russian invasion, which had […]

Economic Update February 22, 2022 Economic data for the week included retail sales that came in higher than expected, as well as gains in industrial production, mixed regional manufacturing sentiment and housing metrics, and a slight pullback in the index of leading indicators. U.S. and foreign equity markets fell back last week, as tensions over […]

Economic Update February 14, 2022 In a light week for economic data, consumer price inflation came in higher than expected, again reaching new multi-decade levels. Consumer sentiment worsened, while jobless claims continued to show improvement. U.S. equity markets fell back with continued high inflation readings and an assumed hawkish Fed response in coming months; foreign […]